/biz/ - Business & Finance

>car companies already lose money on selling cars for cash
>only make money on car loans
>interest rates go up, no one can afford the loans
>inflation
>cars now have to reflect true market price which is +50-100% on any cash price from 2020
Anons don’t realize how bad it’s going to get
And what’s great is that the US is full of car brains who are so brainwashed that they think they need a car to travel 100 yards down the road and go mental at the thought of walking for free

The e-bike is going to destroy the car industry. $3k gets you a decent one and you go 50miles on it for $0.1 of electricity

Vs.

A 75k car that costs $5-10 to go 50 miles

Only barrier is car brains getting angry at cheaper options for travel and deliberately making the roads too dangerous for anything but a Panzer tank

The era of the car is over